FGV earns RM87mil in second quarter

Geraldine TongPublished: Aug 30, 2017 3:05 PM | Updated: Aug 30, 2017 4:23 PM

Felda Global Ventures (FGV) has turned its fortune around in the second quarter of 2017, recording a profit before tax (PBT) of RM87 million.

This is compared to the loss of RM31 million in the first quarter of 2017.

"FGV recorded a PBT of RM87 million for the second quarter ended June 30, 2017, a reversal from a loss of RM31 million in the preceding quarter," FGV's officer-in-charge Khairil Anuar Aziz announced at a press conference at Menara Felda today.

This puts FGV's total PBT for the first half of 2017 at RM56 million, an increase of 33 percent of its PBT in the corresponding period last year...

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